Good to get confirmation that the resource at SG has good chemistry with low sulphate levels & should have high recoverability. However it looks like it will be a disappointingly small resource - it appears that the resource may not extend below the shallow area reported as perhaps previously hoped for. I wonder whether this has impacted the time lag in releasing this to market? 250k T Li is a nice addition to Olaroz but not much else. We are still waiting (for what seems like an eternity now) for Jujuy approvals and patience is starting to wear thin. I think this stock needs to deliver by the end of 2012.
ORE Price at posting:
$1.59 Sentiment: Hold Disclosure: Held